Ownership Change and Deterioration of Performance in Post-IPO Period: A Panel Data Analysis of Indian Firms

The IUP Journal of Corporate Governance, Vol. XI, No. 2, April 2012, pp. 24-37

Posted: 13 Oct 2012

See all articles by Sanjiv Mittal

Sanjiv Mittal

Guru Gobind Singh Indraprastha (GGSIP) University - University School of Management Studies

Manas Mayur

IMT-CDL; Goa Institute of Management

Date Written: 2012

Abstract

The study investigates the relationship between changes in insider’s ownership around Initial Public Offering (IPO) and post-IPO performance deterioration of Indian firms. The univariate analysis shows that the performance of Indian public firms deteriorates significantly in post-IPO period. The relationship between ownership and performance is then analyzed through a, multivariate analysis of panel data. The results show that the change in ownership is responsiblem for the deterioration in post-IPO performance.

Suggested Citation

Mittal, Sanjiv and Mayur, Manas, Ownership Change and Deterioration of Performance in Post-IPO Period: A Panel Data Analysis of Indian Firms (2012). The IUP Journal of Corporate Governance, Vol. XI, No. 2, April 2012, pp. 24-37, Available at SSRN: https://ssrn.com/abstract=2160778

Sanjiv Mittal (Contact Author)

Guru Gobind Singh Indraprastha (GGSIP) University - University School of Management Studies ( email )

New Delhi, 110065
India

Manas Mayur

IMT-CDL ( email )

Ghaziabad
India

Goa Institute of Management ( email )

Ribandar
Ribandar
Panaji, Goa 403006
India

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